Vietnam Q2 GDP Growth Accelerates

2026-07-03 02:05 By Farida Husna 1 min. read

Vietnam’s economy expanded 8.39% yoy in Q2 2026, quickening from an upwardly revised 7.94% in the previous period and lifting H1 growth to 8.18%.

All sectors posted solid gains: industry & construction surged 10.51% (vs 9.01% in Q1), contributing 50.07% of total value added.

Services rose 7.87% (vs 8.33%), accounting for 44.28%, while agriculture grew 4.06% (vs 3.68%), with a 5.65% share.

On the expenditure side, final consumption grew 8.15%, and fixed investment jumped 15.20%.

On the trade front, exports of goods and services climbed 20.18%, with imports outpacing at 26.44%.

Hanoi is targeting economic growth of more than 10% this year, supported by stronger infrastructure spending.

However, the ambitious goal risks being derailed by fallout from the war in Iran.

Meanwhile, annual inflation eased to 4.69% in June from May's 5.6%, moving closer to the government's 4.5% inflation target this year.

The World Bank reclassified Vietnam as an upper-middle-income economy, effective July 1.



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Vietnam Q2 GDP Growth Accelerates
Vietnam’s economy expanded 8.39% yoy in Q2 2026, quickening from an upwardly revised 7.94% in the previous period and lifting H1 growth to 8.18%. All sectors posted solid gains: industry & construction surged 10.51% (vs 9.01% in Q1), contributing 50.07% of total value added. Services rose 7.87% (vs 8.33%), accounting for 44.28%, while agriculture grew 4.06% (vs 3.68%), with a 5.65% share. On the expenditure side, final consumption grew 8.15%, and fixed investment jumped 15.20%. On the trade front, exports of goods and services climbed 20.18%, with imports outpacing at 26.44%. Hanoi is targeting economic growth of more than 10% this year, supported by stronger infrastructure spending. However, the ambitious goal risks being derailed by fallout from the war in Iran. Meanwhile, annual inflation eased to 4.69% in June from May's 5.6%, moving closer to the government's 4.5% inflation target this year. The World Bank reclassified Vietnam as an upper-middle-income economy, effective July 1.
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Vietnam’s GDP expanded 7.83% year-on-year in Q1 2026, slowing from an 8.46% growth rate in Q4 2025, as rising oil imports boosted inflation. Growth was broad-based, with all sectors posting solid gains, including industry and construction (8.92%), services (8.18%), and agriculture (3.58%). On the expenditure side, exports rose 19.85%, while imports surged 24.27%, driven by the Middle East conflict, which pushed up oil prices. Final consumption climbed 8.45% yoy, while fixed investment grew 7.18%. Last year, the country’s GDP advanced by 8.02%, the strongest performance since 2011. Vietnam is targeting annual economic growth of at least 10% through 2030, backed by investments in hundreds of new large-scale projects launched last year, worth an estimated USD 200 billion. Earlier, Kim Eng Tan, managing director for Asia sovereign ratings at S&P Global Ratings, said that Vietnam is expected to grow steadily over the next three years, with an annual growth forecast of 6.7%.
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Vietnam’s GDP advanced 8.46% year-on-year in Q4 2025, accelerating from a marginally revised 8.25% expansion in Q3 and marking the fastest pace since Q4 2007. Growth was broad-based, with all sectors posting solid gains, including industry and construction (9.73%), services (8.82%), and agriculture (3.70%). On the expenditure side, trade remained resilient despite a 20% US tariff imposed in early August, with Q4 goods exports and imports surging 19.34% and 19.40%, respectively. Meanwhile, final consumption grew 7.15% yoy, while fixed investment climbed 8.92%. For the full year 2025, the country’s GDP grew by 8.02%, the strongest performance since 2011. Last week, a senior State Bank of Vietnam official said that tariffs and monetary policy shifts in other countries would make it harder for Vietnam’s central bank to calibrate its policy settings and achieve an economic growth target of more than 10% next year. The government has said Vietnam plans to target 10% growth next year.
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